Funded

Total loan: $800
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Ibrahim


A loan of $800 helped purchase two calves to expand his micro-business into meat production.


Ibrahim's story

Ibrahim S. is a 53-year-old married man who has three children. He is a farmer in Varkhankend Village near Imishli town, situated in the southern part of Azerbaijan. He started his business in 1999, when he purchased one cow with money he had saved up. He has made very good profit by selling milk products such as yoghurt, sour-cream, and milk. These products are in high demand in his area.

Over the years, life in Azerbaijan has gotten harder and harder and to cover family needs, one cow is not enough. In 2006 Ibrahim borrowed US$ 500 to add to his own savings of $250 and purchased another milk cow. Since January 2007, prices have doubled and Ibrahim has applied for a loan of $800 from Aqroinvest CU to purchase two calves for meat production. The estimated cost for one calf is $400.



Loan details

Loan length:

18 months
Disbursed date: September 13, 2007
Facilitated by Field Partner: Aqroinvest Credit Union

Lenders and lending teams



Loan details

Loan length:

18 months
Disbursed date: September 13, 2007
Facilitated by Field Partner: Aqroinvest Credit Union